Global Bitumen Additives Market Overview:
Bitumen is a thick liquid mixture obtained for hydrocarbons of petroleum after distillation process. This are generally used to make roads, pavements or do to roofing. Bitumen additives are added to hold the road together as an adhesive agent as well as to decrease the viscosity of Bitumen as Bitumen cannot be used in its raw form alone. The market of Bitumen Additives is expected to rise with increasing expenditure on road construction. But the rising popularity of cemented or concreted roads has been hindrance to the growth of Asphalt-Bitumen roads. Geographically, Asia Pacific is expected to remain the biggest market because of large number of construction activities. Some of the players profiled in the study are Honeywell International Inc. (United States), Huntsman Corporation (United States), Kao Corporation (Japan), Evonik Industries (Germany), BASF SE (Germany), AkzoNobel N.V. (Netherlands), Croda International PLC (United Kingdom), Arkema Group (France), DowDuPont (United States) and Royal Dutch Shell (Netherlands).
On the basis of geography, the market of Bitumen Additives has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Direct will boost the Bitumen Additives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Hot Mix will boost the Bitumen Additives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Rapid Industrialisation and Urbanisation
- Rising Investments in road and transport Infrastructure
- Increasing Capital Expenditure in Driveways and Parking Lots
- Emergence of Concrete Roads and Pavements which are Considered More Durable
- India and Other Emerging Economies in Asia Pacific have increased their Capital Expenditure on Road Construction
- Harmful Impacts on Environment caused because of Asphalt and Bitumen
Key Market Developments:
Target Audience:Bitumen Additives Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, End-Use Industries and Others
Major Objectives Focused through this Study To define, describe, and forecast the Global Bitumen Additives market on the basis of product [Emulsifiers, Adhesion Promoters, Polymeric Modifiers, Anti-strip and Others] , application [Road Construction, Paving, Roofing and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Bitumen Additives market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Bitumen Additives industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Berkshire Engineering (United States), Kraton Corporation (United States) and Ingevity Corporation (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Bitumen Additives market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.